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Morning Comment For SHFE Base Metals On Apr 22

From news.metal.com

LME copper prices opened at $9804/mt and closed at $9874.5/mt last Friday, a rise of 1.35%, with the low-end of $9793.5/mt and the high-end of $9913.5/mt. Trading volume was 34,000 lots, and open interest stood at 335,000 lots. The most active SHFE 2102 contract prices opened at 79700 yuan/mt and closed at 80080 yuan/mt last Friday evening, up 1.39%, with the high-end of 80170 yuan/mt and the low-end of 79450 yuan/mt. Trading volumes stood at 97,000 lots and open interest stood at 213,000 lots. On the macro level, Zhu Hexin, deputy governor of the People's Bank of China, recently stated at a press conference held by ... (full story)

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  • Category: Fundamental Analysis